This_Guhy

ETHUSD Confirming 180-185 Zone as support. Next: Parabolic?

Long
COINBASE:ETHUSD   Ethereum
Tradingview really needs to add Paraboloca to its chart pattern considering how often people are looking at Crypto ideas for a parabolic move.

The chart clearly shows an increasing slope on the support lines for ETHUSD and given the move with BTCUSD there doesn't seem to be much cause for ETHUSD to slow down. Technically we cleared a major area of resistance and are currently testing it as support. Should this zone be tested as support I suspect we will see progressively steeper support lines until the top blows off.

The weekly chart with EMAS suggest that we could go back down to 175 to retest all the EMAS that are crossing bullishly
The three day EMA chart also shows bullish crosses as well and interim resistance at 215 and 255 with the 100 and 200 3D EMAS respectively.
The weekly chart shows we have basically confirmed the 13 EMA as support and are using it as a launchpad to the moon. The 50 and 100 EMAS offer resistance in the same zone as the 100 does in the 3d chart.
Below is my bussiest charts I put out but it has a lot of information once your brain is use to decoding it. I have both cloud settings on so we can see how both traditional and ctypto traders are acting but only the T&K on the 3d as those are important for this stage. Breaking it down:
  • T-K bullish cross in Feburary and attempted bear cross failed in March.
  • Price action now above Tennken after slipping below a few candles
  • Just broke out of the 3d - Standard Cloud
  • An Edge to Edge cloud trade on the Crypto cloud has a target of 450.
  • VPVR shows a LVN from 234-450
  • Upper Value Area price is also $450
  • VPVR and Crypto Cloud have the same target of $450
  • OBV Volume with EMAs is staged for either a major breakthrough to the upside or catastrophic rejection. The OBV with EMA situation hasn't looked like this since the parabolic move in 2017.


The daily cloud and OBV shows that we have hopped on top of both clouds. Expect us to move predominately upon the standard cloud and only hit the crypto cloud on massive retracements if my bullish sentiment is correct. The OBV EMA situation loosk positive, but there is a cap at 5,000,000 that appears to be acting as resistance. IF we get the bullish stack of OBV on top, then 10-20-100 completely in order all above 5M then a parabolic move is about 90% guaranteed
Usual disclaimers about me not being a financial adviser and especially not your advisor still apply. I am just a guy that lost a lot of money trying to get good at charting. I had a buy stoploss that triggered and now I am moving my stops up the support lines as they get confirmed. I am also going to be looking for angle changes. When I was in the BTCUSD parabolic move I did more to baby the move in the last 8h than I did the first week-ish.
Take profit unironically 440.


And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion
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